Not sure what to pay each quarter? We'll work it out with you.
Quarterly estimated taxes? Get the right number.
Answer four quick questions. Then we set your next payment together on a call.
The four payment periods aren't the same length.
Where can we reach you to set your next payment?
Keep reading
How we set your quarterly payment
- Four quick questionsWhat's going on, where your income comes from, how you pick the amount now and which date is next.
- A short video callBring last year's return and this year's income if you have them. We do the math with you on screen.
- Your next payment, and a plan for the restYou leave with the amount for your next payment and a way to update the rest if your income changes.
Why some owners still owe a lot in April
Paying one quarter of last year's tax on each date avoids the penalty. If last year's income was over $150,000, use 110 percent of that tax instead. But if this year's income is higher, you'll still owe the difference in April. Guessing at this year and dividing by four can leave you with a bill and a penalty.
If your payments already fit the year, we'll tell you, and you can keep them. If you want help after the call, the same practice keeps your books, prepares the return, and sets up payroll with the provider you pick.
Steven Palmieri is a Tax CFO and the Entrepreneur's CFO. The practice is not a CPA firm and does not sign audit or assurance reports.
Start with the due dateQuestions people ask first
What do I leave the call with?
The amount for your next payment, the reason for it and a plan for the dates after it. If you have a penalty notice, we tell you whether paying now keeps it smaller.
I already missed a quarter. Is it too late?
No. Paying the missed amount now stops the penalty from growing. Then we set the payments still ahead from what you've earned so far.
Do I have to send money on the call?
No. The call only sets the number. You pay the IRS yourself when you're ready, free through your IRS online account or Direct Pay. Any later paid work is priced before it starts.
Who works out the number with me?
Steven Palmieri, a Tax CFO and the Entrepreneur's CFO, and his team. If a lender asks about your estimated payments, we can help with that later too.